Roche’s Follicular Lymphoma Therapy Scores FDA Approval

The FDA approved Roche Holding AG (OTC:RHHBY) unit Genentech’s Lunsumio (mosunetuzumab-axgb) for relapsed or refractory (R/R) follicular lymphoma (FL) after two or more…
  • The FDA approved Roche Holding AG (OTC:RHHBY) unit Genentech’s Lunsumio (mosunetuzumab-axgb) for relapsed or refractory (R/R) follicular lymphoma (FL) after two or more lines of systemic therapy.
  • This indication is approved under accelerated approval based on response rate, making Lunsumio the first CD20xCD3 bispecific to be authorized for this form of non-Hodgkin lymphoma (NHL). 
  • Continued approval for this indication may be contingent upon verification and description of clinical benefit in a confirmatory trial.
  • Roche is already working on a follow-up to Lunsumio with a subcutaneous formulation.
  • Biogen Inc (NASDAQ:BIIB) exercised an option on the development of Lunsumio, paying Genentech a $30-million fee as part of a long-standing collaboration on antibodies targeting CD20. 
  • Under the agreed terms, Biogen will share in the operating profits and losses of the drug in the U.S. in the low- to mid-30% range.
  • The FDA approval is based on positive results from the Phase II GO29781 study of Lunsumio in people with heavily pre-treated FL, including those at high risk of disease progression or whose disease was refractory to prior therapies. 
  • Results from the study showed high and durable response rates. An objective response was seen in 80% (72/90) of patients treated with Lunsumio, with a majority maintaining responses for at least 18 months (57%). 
  • Price Action: RHHBY shares are up 0.06% at $39.54 on the last check Friday.
Total
0
Shares
Related Posts
Read More

The World’s Largest Hedge Fund Bridgewater Associates Holds These 3 Dividend Stocks

Bridgewater Associates is an American hedge fund founded by billionaire investor Ray Dalio, it's the world’s largest hedge fund, with approximately $23.6 billion assets under management, as of August 2022. If you are looking to invest like Bridgewater Associates, here are three dividend stocks that offer future growth potential as well as passive income.

PFE